Markets Anticipating Fed Statement
The market rose yesterday in anticipation of Janet Yellen speaking along with today’s Fed statement. The last two times she spoke, the market went much higher. Therefore because it happened twice it must surely happen again and again so there was lots of buying to be had in anticipation of the next payday. The market […]
Market Moves to Neutral Ahead of Fed Press Conference
Rising stock prices over the past two days have moved the market from oversold to neutral. Tech stocks have been among the biggest winners in the rally that has almost completely retraced the big losses seen last Thursday. PowerShares QQQ (NYSE: QQQ) has gained 2.1% in the first two days of the week, the biggest […]
Monday’s Rally was a Good Move from Oversold
Yesterday I mentioned that the market should rally over the next 1-3 days. Monday’s rally was a good move from oversold conditions. Many country fund ETFs are more now overbought but they are healthy bull market overbought. A pause can be expected for a day or so and then a follow through would be a […]
Three Major Indexes Are Still Potential Buys After Monday’s Rally
Stock markets rallied broadly on Monday with SPDR Dow Jones Industrial Average (NYSE: DIA) gaining 1.07%. ETFs tracking all major market indexes and all sectors except for miners were up on the day. Despite the gains, PowerRatings shows there are a number of potential buys for Tuesday. Among the indexes, DIA is oversold with a […]
March Time Symmetry
In the previous market commentary, I mentioned that the SPX had consolidated at the 100DEMA 1771 zone for five days in the last week of Jan, but obviously took that zone out with the double bottom low at 1737.92 on 2/5/14. I also said that “There is some significant time symmetry in the first week […]
Market Rally Expected
Many of the smaller more volatile companies along with the most oversold country fund ETFs rallied Friday and they likely tipped their hand that Sunday’s vote was already factored into prices. Today the major indexes like SPY and DIA, and a number of larger companies are very oversold. Unless Russia is perceived of doing something […]
Developed Markets Could Rally From Oversold Extreme
Last week’s market moves were largely driven by news. Traders wondered whether or not China’s economic slowdown and Russia’s involvement in the Ukraine would have a lasting impact on financial markets. In the short-term, we are unlikely to know the definitive answer to either question but we could see a rally in the stocks of […]
Thursday Selloff Creates 182 Buying Opportunities
While we have seen a great deal of volatility in prices over the past few weeks, we have not seen a large number of ETFs become overbought or oversold on any given day. Yesterday’s selling led to a number of buy set ups on PowerRatings. Heading into Friday’s trading, 113 non-leveraged ETFs, an additional 32 […]
As Goes Russia So Goes the World
There’s lots of fear out there coming into today and as Russia moves, the global markets will move. As you can see from the way the country fund ETFs are acting, the myth of global diversification is just that; a myth. Any hint of economic or geo-political risk tends to crush global markets and it’s […]
Warren Buffett & the Billion Dollar Bracket
With March Madness about to kick off we wanted to take a second and discuss something at the intersection of sports and investing. The odds of a non-sports fan picking a perfect bracket this March is about 9.2 quintillion to 1.* So you can probably say it’s a safe bet that Warren Buffett will not have […]
Selling Pressure from Around the World
The market remains oversold and the short term edges are to the upside. There’s still a lot of selling pressure from around the world and should this selling stop, the global markets could see a sharp bear market rally. For a free trial to the Daily Battle Plan, click here!
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